Mr. Murray Oxby reports

CI FINANCIAL REPORTS TOTAL ASSETS OF $430.3 BILLION FOR JULY 2023

CI Financial Corp. had preliminary total assets of $430.3-billion as at July 31, 2023, consisting of: asset management assets of $123.7-billion; Canadian wealth management assets of $83.9-billion; Canadian custody assets of $23.5-billion; and United States wealth management assets of $199.2-billion.

CI is now reporting its Canadian custody assets, which are administered by CI Investment Services Inc., to reflect the growing significance of this business. This follows the conversion of client assets at Aligned Capital Partners Inc. to the CIIS platform in July, 2023. Custody assets were historically not included as part of reported assets for Canada wealth management or consolidated total assets.

Also in July, CI acquired Intercontinental Wealth Advisors LLC, a registered investment advisory firm based in San Antonio, Tex.

About CI Financial Corp.

CI Financial is a diversified global asset and wealth management company operating primarily in Canada, the United States and Australia. Founded in 1965, CI has developed world-class portfolio management talent, extensive capabilities in all aspects of wealth planning, and a comprehensive product suite.

CI operates in three segments:

• Asset management, which includes CI Global Asset Management, which operates in Canada, and GSFM Pty. Ltd., which operates in Australia;
• Canadian wealth management, which includes the operations of CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth (Canada), Northwood Family Office, CI Direct Investing and CI Investment Services;
• U.S. wealth management, which includes CI Private Wealth (U.S.), an integrated wealth management firm providing comprehensive solutions to ultrahigh-net-worth and high-net-worth clients across the United States.